But these loans might carry more
risk than federal student loans.
Not exact matches
And while
federal loans come with their own set of challenges and
risks, all 1.37 million private
loan borrowers are often subject to fewer protections and less flexible repayment plans
than those offered under
federal loan agreements.Less accommodating repayment options and more rigid terms can quickly lead to private
student loan defaults, which is a dangerous financial place to be.
Meaning the
Federal Government has more
than $ 1 Trillion dollars in issued
student loans without any
risk evaluation being done, and all this debt that so many American's have affects them in other ways, primary in their credit score.
And while
federal loans come with their own set of challenges and
risks, all 1.37 million private
loan borrowers are often subject to fewer protections and less flexible repayment plans
than those offered under
federal loan agreements.Less accommodating repayment options and more rigid terms can quickly lead to private
student loan defaults, which is a dangerous financial place to be.